Inflation, inflation...oil prices have riesne to $135 per barrel another record high! Initial jobless claims were reported at 365,000 below expectations of 372,000 the lowest reading since April 5th. The 4 week moving average is at 372,250.
Home prices continue to fall in some areas of the country due to the large amount of foreclosures. The housing market is facing numerous troubles as buyers stay on the fence and rising mortgage defaults dump more homes on an already glutted market. In addition, many banks have raised their lending standards in response to the surge in mortgage defaults. For the person who is renting or who is a first time home buyer the opportunity to get a great deal is out there and is not hard to find. Fixed rates remain below 6% so it is a great time to buy a home!
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2 comments:
Interesting site. Thanks for the updates.
ferventservent.blogspot.com
Hi CW, I like your site too, we have alot in common it seems. How did you find my blog?
Thanks, Dan
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